Meridian Capital Group arranges $68.5m in construction financing

New York, NY Meridian Capital Group arranged a total of $68.5 million in construction financing for a mixed-use development in Brooklyn.

The three-year floating rate loan features interest-only payments. This transaction was negotiated by Meridian vice president, Eli Finkel, vice president, Steve Edelstein, and senior managing director, Rael Gervis, who are all based in the company’s New York City headquarters.

At completion this project, located at 210 Clarkson Ave., will include 165 units across eight stories totaling 165,000 s/f with the ground floor allocated for commercial.

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OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

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